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How to sell Ethereum (ETH)

Step-by-step instructions on how to sell Ether for SGD or cryptocurrency.

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Whether you’ve bought Ether (ETH) on an exchange or earned ETH from mining, the time may come when you want to sell some or all of your holdings. As Ethereum is one of the world’s largest digital currencies, you can sell ETH for fiat currency and cryptocurrencies — we’ve compared more than 80 crypto exchanges to help you find the right fit.

How can I sell Ethereum in Singapore?

  1. Log into your account on an exchange like Coinhako.
  2. Click on the “Wallets” tab.
  3. If you already have Ethereum on the platform, you may proceed to sell it directly. If not, you will need to deposit the Ethereum from your private wallet to your Coinhako wallet.
  4. Scroll downwards to the “Buy/Sell” segment.
  5. Click on “Sell” on the ETH/SGD pair
  6. Enter the amount of ETH you want to sell.
  7. Select the currency you want to exchange for ETH.
  8. Review transaction details.
  9. Click “Sell”.
  10. Once the transaction has been processed, withdraw the SGD to your bank account.

This is our quick guide to just one way to sell ETH. Compare some other options in the table below.

Where to sell Ethereum in Singapore

So long as you have access to your private keys you can sell your Ethereum on any exchange that lists ETH pairs. Compare exchanges using deposit methods, accepted cryptocurrencies and fiat support to find the best fit for your needs.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Zipmex Cryptocurrency Exchange
Bank transfer, Cryptocurrency
USD, SGD

21
cryptocurrencies

Get 25 SGD worth of ZMT when you make your first trade. Valid till 24 September 2021. T&Cs apply.
Buy, sell and trade BTC, ETH, XRP, LTC, BCH, USDT, USDC, GOLD, C8P, LINK & 10+ more on this Singapore-based exchange.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

314
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Independent Reserve Exchange
SWIFT, Xfers
SGD, USD, AUD, NZD

3
cryptocurrencies

Instantly deposit SGD via Xfers and buy Bitcoin today. Established in 2013 Independent Reserve is one of APAC’s most trusted exchanges.
Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, SEPA
USD, JPY, EUR, SGD, AUD, HKD

125
cryptocurrencies

Promo: Get 10% off your trading fees. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
Tokenize Xchange
Tokenize Xchange
Bank transfer, Xfers
SGD

66
cryptocurrencies

FINDER EXCLUSIVE: Get 2 TKX when you sign up and deposit a minimum of 500 SGD. T&Cs apply.
Top up your credit and debit card for free on Tokenize 3.0. Valid till 30 September 2021. T&Cs apply.
Trade 70+ cryptocurrencies with SGD and earn interest by staking coins on this robust platform.
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Compare up to 4 providers

A step-by-step guide to selling Ethereum

There are two options available when selling Ethereum:

  • Selling ETH for fiat currency, such as SGD
  • Selling ETH for another cryptocurrency, for example, bitcoin (BTC) or XRP (XRP)

Selling your Ethereum tokens for fiat currency is generally the quicker and more convenient of these options, particularly if you’re not an experienced trader. That said, you can find simple step-by-step instructions below, to sell ETH for either fiat or cryptocurrency.

Selling ETH for fiat currency

Step 1. Register on an exchange that lists ETH alongside SGD

Find an exchange that lists ETH in a trading pair with SGD. Review and compare the features of a range of crypto exchanges before deciding which one is right for your needs.

You can then sign up for an account by providing your email address and creating a password, and some exchanges will require your full personal details and proof of ID to satisfy Know Your Customer and Anti-Money Laundering (KYC/AML) regulations.

Don’t forget to also enable 2-factor authentication on your account before proceeding any further.

Step 2. Deposit ETH into your account

The next thing you need to do is transfer your ETH holdings into your exchange wallet. To do this, you’ll have to log into your account. Find the relevant wallet address for Ethereum tokens, and then use that address when transferring tokens from your external wallet.

For example, if you’re using Coinbase, you’ll need to click on the “Wallets” tab at the top of the screen and select your Ethereum wallet. After clicking “Generate Deposit Address”, you’ll be given the address to which you can transfer ETH.

Step 3. Sell ETH

Once the ETH tokens have arrived in your exchange wallet, you’ll need to navigate to the trading page and search for your desired currency pair, such as ETH/SGD. You can then enter the amount of ETH you want to sell to place your order.

For example, on Coinbase, you can click the “Sell” tab and select the wallet you want to sell from (such as your ETH wallet). Click “Sell ETH” and then enter the amount of ETH you’d like to sell in the box provided. You can then select the currency you want to sell ETH for and click “Sell”.

No matter which exchange you’re using, make sure you take a moment to review the full details of the transaction before submitting.

Step 4. Withdraw SGD

The final step is to withdraw the fiat currency that you’ve acquired and put it into your linked bank account. This is usually quite easy to do from your exchange account, but make sure you’re aware of any fees or limits that apply to the transaction.

Selling ETH for cryptocurrency

If you want to exchange your ETH tokens for another digital currency, here’s what you need to do:

Step 1. Register on an exchange that lists ETH

If you plan on selling your ETH tokens on the same exchange where you purchased them, skip ahead to step 2.

If you need to use a new exchange to complete your transaction, you’ll need to compare the features of a variety of crypto exchanges before deciding on one that’s right for your needs. The good news is that because Ethereum is the world’s second-largest cryptocurrency, it’s widely traded on an extensive range of exchanges.

Once you’ve chosen an exchange, sign up for an account by providing your email address and creating a password. Some platforms will also request your full personal details and a valid form of photo ID in line with Know Your Customer and Anti-Money Laundering (KYC/AML) requirements.

Make sure you also enable 2-factor authentication on your account before depositing any funds.

Step 2. Deposit ETH into your account

Now it’s time to transfer the ETH tokens you want to sell into your exchange wallet. To do this, you’ll need to find out the ETH address of your exchange wallet and then use this to transfer the tokens over from the wallet where you’ve been holding them.

Step 3. Sell ETH

Once the ETH tokens have arrived in your exchange wallet, you can click through to the trading section of your chosen platform. Then, it’s a matter of searching for the pair you want to trade, such as ETH/BTC, and then entering how much ETH you want to sell or how much BTC you want to buy.Make sure to take a moment to review the full details of your transaction before finalising the sale.

Step 4. Transfer your new digital currency to a secure wallet

Now that you’ve acquired a new digital currency, remember that storing your coins or tokens on an exchange for the long-term isn’t recommended. For enhanced security, it’s a good idea to transfer those tokens to a private wallet that allows you to retain control of your private key.

Check out our cryptocurrency wallets guide for more information.

What to consider if you plan to sell Ethereum

Before you sell your ETH tokens, remember that every cryptocurrency trade comes with a certain level of risk attached. Cryptocurrencies are volatile and complicated assets, so it’s important to do your research before selling any coins or tokens.

If you’re thinking of selling ETH, factors you need to consider include:

  • Trading fees. Compare trading fees across a variety of exchanges to find out how much it’ll cost you to sell your ETH. Check to see if fees are different for market makers and takers or if they’re the same across the board.
  • Withdrawal fees and methods. When choosing a platform, don’t forget about the fee charged to withdraw funds from your exchange account. It’s also a good idea to check what withdrawal methods are available and how long it’ll take for your transaction to be completed.
  • Transaction limits. Does the exchange impose any minimum or maximum limits on how much ETH you can sell? Is there a per-transaction or daily withdrawal limit you need to worry about?
  • Type of platform used. Will you be using a centralised exchange (easy to use) or a decentralised exchange (usually have better security)? Will you need to entrust your funds to a third party, such as the exchange operator, or can you trade in a peer-to-peer setting that allows you to connect directly with another user who wants to buy ETH?
  • ID verification required. Consider the personal details and ID you’ll need to provide in order to sell ETH on any exchange and how long it’ll take to become a verified member. Some platforms don’t require any verification, which is useful for those who value their privacy, while others have a rigorous signup process in place and you may have to endure a wait while your account is verified.
  • Customer support. Don’t forget to check how you can get in touch with the exchange’s customer support team and research whether they have a good reputation for responding quickly to requests for help. This will ensure that you can get the assistance you need if your funds are slow to arrive or something else goes wrong with your transaction.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Images: Shutterstock

Disclosure: At the time of this writing, the author holds ADA, ICX, IOTA and XLM.

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